Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$287,869$287,869$702,000
Remaining term (yrs)19.919.930.0
Secondary amount$0$414,131$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%6.335%7.640%
1st payment$1,657.35$1,657.35$4,860.51
2nd payment$0.00$2,674.60$0.00
Taxes / mo$650.00$650.00$650.00
Insurance / mo$216.67$216.67$216.67
MI / mo$263.07$263.07$140.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,787.08$5,461.68$5,867.57
Cash to close$492,131$78,000$78,000